| 41. | The production function is quasi-convex in three dimensions.
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| 42. | A production function can also be seen as the dynamics of national output / national income.
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| 43. | There are also complexities in the production function.
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| 44. | The production function is a simple description of the mechanism of income generation in production process.
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| 45. | The standard Cobb Douglas production function found in microeconomics textbooks refers to a collaborative paper between Turgot.
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| 46. | This is true for any production function.
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| 47. | The stickiest assumption of this model is that production function does not include diminishing returns to capital.
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| 48. | They all have their individual production functions.
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| 49. | The income growth caused by increased production volume is determined by moving along the production function graph.
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| 50. | Assuming each car is produced with 4 tires and 1 steering wheel, the Leontief production function is
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